Streator cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexStreatorIllinoisNational
Cost of living index8498100
IndexStreatorIllinoisNational
Goods & Services index9697100
Groceries index10197100
Health care index107100100
Housing index5199100
Transportation index115104100
Utilities index8895100
An overview of the general cost of living index for Streator, IL is displayed above for your reference. Residents in Streator, IL enjoy a cost of living index of 84. This index is 14% lower than the Illinois average, and 16% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Streator, IL, the average cost of goods and services is 1% lower than it is in Illinois, and it is 4% lower than the national average.

Did you know?

  • The cost of living in Streator is 14% lower than the Illinois average.
  • The cost of living in Streator is 16% lower than the national average.
  • The cost of housing in Streator is 49% lower than the national average.
  • Illinois general sales tax is 23% higher than the national average.
  • Illinois state income tax is 69% higher than the national average.

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Compare Streator, IL Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Streator, IL to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Streator, IL, then you would need to earn more income in order to maintain the same standard of living. To use the Streator, IL salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$47,138$3,928$1,100$1,414
Renters$20,739$1,728$484$622
If you want to find a good determining factor for the cost of living and the general affordability of housing in Streator, IL, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Streator, IL, the median monthly income is $47,138 for those who own their own homes. Under the standard rule, that income level would allow for $1,100 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $20,739, per the median income in the area. That would allow for renters to spend up to $484 on monthly rental expenses.

Illinois Sales Tax

StateGeneral Sales TaxWith Max Surtax
Illinois6.25%9.75%

Illinois Income Tax

StateIncome Tax (Low)Income Tax (High)
Illinois3.75%3.75%
For those who live in Streator, IL and want to know what the true cost of living is, they ought to look at both the Illinois income tax rate and the Illinois sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Illinois, the sales tax is 6.25%, while the most you'll pay in surtax is 9.75%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Illinois, the income tax rate ranges between 3.75% to 3.75%.

Goods & Services

ItemStreatorNational avg.Difference
Haircut $16.46$15.565.8%
Beauty Salon $38.52$36.116.7%
Toothpaste $3.27$2.4732.1%
Shampoo $0.96$0.960.9%
Movie $9.71$10.134.1%
Bowling $3.86$4.7418.5%

Groceries

ItemStreatorNational avg.Difference
Ground Beef $4.22$3.985.9%
Fried Chicken $1.29$1.418.3%
Milk $2.38$2.0615.5%
Potatoes $2.83$2.985.1%
Pizza $8.74$9.477.7%
Beer $8.25$8.796.2%

Health Care

ItemStreatorNational avg.Difference
Optometrist $110.97$101.049.8%
Doctor $137.35$107.4427.8%
Dentist $89.33$90.421.2%
Ibuprofen $8.99$9.283.1%
Lipitor $425.63$426.500.2%

Housing

ItemStreatorNational avg.Difference
Home Price $80,800.00$175,700.0054.0%
Avg. Mortgage Payment $994.19$1,133.2312.3%
Apartment Rent $565.00$920.0038.6%

Transportation

ItemStreatorNational avg.Difference
Gasoline $2.20$1.9910.5%
Tire Balancing $56.85$45.7624.2%

Utilities

ItemStreatorNational avg.Difference
All Electricity$141.76$163.8113.5%
Phone $25.99$28.398.4%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Rutland, IL26580-20%
Dana, IL9781-19%
Long Point, IL20382-18%
Kinsman, IL12483-17%
Leonore, IL7784-16%
Streator, IL13,15284-16%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Solana Beach, CA13,146210110%
Bellefontaine, OH13,14187-13%
Broadlands, VA13,13815656%
Claremont, NH13,1691088%
King City, CA13,17111818%
Streator, IL13,15284-16%
Source: The Streator, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.